Crypto World
Why MongoDB Stock Took A Dive After Earnings
MongoDB (MDB) stock fell sharply Wednesday after the database software company reported fiscal second quarter results. MongoDB beat estimates, but analysts pointed to high expectations for MongoDB’s cloud software growth. New York-based MongoDB late Tuesday reported adjusted earnings of $1.90 per share from sales of $771 million for its July quarter. Analysts polled by FactSet were forecasting adjusted earnings of…
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